Daily Market Comments - Thursday 14 May 2009

[RTFX-Trading]

EUR-USD	While below 1.3600 - 1.3629 it could fall towards below 1.3473. Rise above 1.3661 could activate some bullish pattern.
USD-CHF	It may attempt a test higher to 1.1083 - 1.1119 after which weakness may set it to a drift down to below 1.0997 limit.
GBP-USD	While above 1.5122 - 1.5051 zone a corrective upmove could test 1.5245 or 1.5298. After which it should resume its downtrend.
USD-JPY	Market should not go lower than 94.3396. After this move down it should go up to 96.2800 area.
EUR-JPY	Market should not go lower than 129.4800 - 128.5067. After this move down it should go up to 131.0050 - 131.5566 area.
EUR-CHF	It looks set to visit further lower territory down to around 1.5033. Its corrective attempts should fail ahead of 1.5085. Stop loss above 1.5114 zone.
EUR-GBP	While above 0.8951 - 0.8929 zone a corrective dip could test 0.8974 or 0.9018. After which it should resume his downtrend.
USD-CAD	It should try higher up to 1.1759 - 1.1828. Entry point 1.1691 or 1.1648. After this rise, a correction is expected.
NZD-USD	There is bearish potential for a fall to 0.5902 - 0.5834 while 0.5970 - 0.6013 resist. After this fall a recovery up to 0.6013 or 0.6055 is expected.
AUD-USD	There is bearish potential for a fall to 0.7520 - 0.7459 while 0.7582 - 0.7618 resist. After this fall a recovery up to 0.7618 or 0.7655 is expected.
XAG-USD	It looks more likely that it would rise to 14.2533 - 14.5467 from 13.9300 or 13.7833. After which a downside move is expected.
XAU-USD	Strength can extend to 928.5200 or 932.1967 as declines are expected to find support at 924.8433 or 921.8550. A fall below 918.8666 could turn it bearish.

Trading Desk, RTFX Ltd
16th September Square | Mosta MST 1180 | Malta
Tel: +356 27 78 01 35 | Fax: +356 21 41 24 58

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